Question

A washing machine was marked 60%above it's cost price.the shopkeeper allow a discount of 25%. calculate his gain%

Answer 1

Answer: 20%

Let CP be 100

MP= 160% of 100= Rs.160

D%= 25%

75/100*160= 120

SP= 160-120= Rs.40

P%= SP-CP/CP*100

=20/100*100

=20%